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Bitcoin Buyer Dominance Fuels Price Surge to All-Time Highs
Bitcoin (BTC) is experiencing a remarkable surge, reaching new all-time highs while maintaining robust buyer interest across all investor groups. This contrasts sharply with the initial $100,000 milestone in 2024, suggesting a significantly stronger market sentiment. Analysis from CryptoQuant indicates a continuation of the uptrend is likely.
CryptoQuant’s 90-day cumulative volume delta (CVD) reveals a decisive shift in market dynamics. Buy orders have consistently outweighed sell orders, signaling sustained bullish pressure. This dominance, particularly noticeable since May, marks a significant departure from the sell-side pressure observed until mid-March, when BTC/USD dipped below $75,000. The current buyer dominance, even with the recent 50% price increase in under two months, strongly suggests the uptrend’s continuation.
Further bolstering this bullish outlook is the behavior of long-term Bitcoin holders (hodlers). Data reveals a notable decrease in the distribution of coins at current price levels compared to the previous $100,000 mark. Daily profit-taking is significantly lower now than it was in December 2024, despite the price being 10% higher. This suggests a more confident and patient approach from long-term investors.
Analysis from Glassnode supports this observation, highlighting a substantial shift in coin age distribution. The percentage of coins older than six months actively traded is considerably lower now than in December 2024, indicating stronger holding behavior. This reduced selling pressure further reinforces the strength of the current uptrend.
Another key factor contributing to the bullish momentum is the recent reclamation of the average cost basis for short-term holders (STHs). The price surpassing this key level, just under $100,000, often acts as a powerful buy-the-dip signal during bull markets, further fueling the upward trajectory. The confluence of these factors – strong buyer dominance, reduced selling pressure from hodlers, and the reclaiming of the STH cost basis – strongly suggests the Bitcoin price uptrend may indeed continue. However, readers should conduct thorough research and understand that all investment carries risk.
